Beazley (OTCMKTS:BZLYF) Shares Up 1.2% – Still a Buy?

Beazley plc (OTCMKTS:BZLYF)’s share price shot up 1.2% on Tuesday . The stock traded as high as $15.59 and last traded at $15.59. 928 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 8,217 shares. The stock had previously closed at $15.40.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BZLYF. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Beazley in a research report on Wednesday, January 7th. Citigroup downgraded Beazley to a “neutral” rating in a research note on Wednesday, January 21st. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Beazley in a research report on Tuesday, October 14th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Beazley Stock Performance

The firm has a fifty day simple moving average of $11.44 and a two-hundred day simple moving average of $11.59.

About Beazley

Beazley PLC is a specialist insurer and reinsurer headquartered in London, operating as a Lloyd’s syndicate manager (Syndicate 2623) and a publicly listed company on the London Stock Exchange. Established in 1986, Beazley has built a reputation for underwriting expertise across a range of specialty lines, offering tailored risk solutions to clients worldwide. The company’s shares trade in the United States on the OTC market under the ticker BZLYF.

The firm’s core business activities span five principal divisions: Property, Marine, Political Risk & Crisis Management, Reinsurance, and Specialty Lines.